On November 30, 2023, Gulf Resources, Inc. held its 2023 annual meeting of stockholders approved to appoint Yibo Yang and Dongshan Wang to Board of Directors. Mr. Yang has worked at Shouguang Haoyuan Chemical Co. Ltd. since 2009 and currently serves as the deputy general manager of Shouguang Haoyuan Chemical Co.

Ltd. Mr. Yang is a 18% shareholder of Shandong Haoyuan Industrial Group. Since December 2020, Mr. Yang has served as the deputy general manager of Shandong Haoyuan Industrial Group. Since July 2023, Mr. Yang has served as the executive director and the managing director for Shouguang City Yuxin Chemical Company Limited.

Since June 2023, Mr. Yang has served as the supervisor of Shandong Caiting Lighting Technology Co. Ltd. Mr. Yang holds a Diploma in economic management from Shandong University of Technology. Mr. Wang has served as the vice president and the chief financial officer of Central China Headquarters of Anliang Holding Group since April 2018.

Mr. Wang is an International Certified Public accountant, and he holds a national Chief accountant (CFO) qualification certificate. Mr. Wang graduated from Zhengzhou College of Light Industry majored in financial management in 1988.